Marine Engines Market Analysis 2024: Prominent Competitor Rolls-Royce, John Deere, Cummins Inc., Caterpillar Inc., Wärtsilä, Scania Group, Brunswick Corporation
Increasing maritime trade activities is yet another vital factor having a strong impact on shaping the marine engines market trends. As per estimates, overall sea borne container trade accounted for almost 60% world seaborne trade in 2017, having held a valuation of nearly USD 12 trillion. In fact, the United Nations Conference on Trade & Development claims that the shipping industry, in 2017, almost procured 70% of the world trade share by revenue and 80% in terms of volume. In...
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